PERFECTRANSLATION: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PERFECTRANSLATION
Largest movements
- Receivables within one year -€8,038
down €8,038 (-98.0%), from €8,204 to €166
of which Trade receivables: -€7,699
- Tangible fixed assets -€6,976
down €6,976 (-48.3%), from €14,452 to €7,476
of which Furniture and vehicles: -€6,508
- Deferred charges and accrued income -€2,200
no longer reported in 2025 (was €2,200)
- Cash +€663
up €663 (+95.7%), from €693 to €1,356
mainly Other debts (+€16,948) and Receivables within one year (+€8,038)
- Profit (loss) carried forward -€30,014
down €30,014 (-103.2%), from -€29,089 to -€59,103
- Other debts +€16,948
up €16,948 (+94.9%), from €17,857 to €34,805
- Tax, wage and social debts -€9,259
down €9,259 (-71.0%), from €13,046 to €3,787
of which Taxes: -€5,761
- Accrued charges and deferred income +€4,400
new in 2025: €4,400
- Trade debts +€1,374
up €1,374 (+34.7%), from €3,956 to €5,330
- Staff costs -€19,467
down €19,467 (-51.2%), from €38,036 to €18,569
- Gross operating margin -€13,989
down €13,989, from €11,448 to -€2,541
- Taxes -€245
no longer reported in 2025 (was €245)
- Depreciation +€213
up €213 (+2.8%), from €7,558 to €7,771
- Other operating charges -€197
down €197 (-17.0%), from €1,158 to €961
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,199 | €10,648 | -€16,551 | -60.9% |
| Fixed assets | 21/28 | €16,102 | €9,126 | -€6,976 | -43.3% |
| Tangible fixed assets | 22/27 | €14,452 | €7,476 | -€6,976 | -48.3% |
| Plant, machinery and equipment | 23 | €935 | €467 | -€468 | -50.1% |
| Furniture and vehicles | 24 | €13,517 | €7,009 | -€6,508 | -48.1% |
| Financial fixed assets | 28 | €1,650 | €1,650 | = | 0.0% |
| Current assets | 29/58 | €11,097 | €1,522 | -€9,575 | -86.3% |
| Amounts receivable within one year | 40/41 | €8,204 | €166 | -€8,038 | -98.0% |
| Trade receivables | 40 | €7,699 | - | -€7,699 | |
| Other amounts receivable | 41 | €505 | €166 | -€339 | -67.2% |
| Cash at bank and in hand | 54/58 | €693 | €1,356 | +€663 | +95.7% |
| Deferred charges and accrued income | 490/1 | €2,200 | - | -€2,200 | |
| Total equity and liabilities | 10/49 | €27,199 | €10,648 | -€16,551 | -60.9% |
| Equity | 10/15 | -€7,660 | -€37,674 | -€30,014 | -391.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €19,429 | €19,429 | = | 0.0% |
| Distributable reserves | 133 | €19,429 | €19,429 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,089 | -€59,103 | -€30,014 | -103.2% |
| Amounts payable | 17/49 | €34,859 | €48,322 | +€13,463 | +38.6% |
| Amounts payable within one year | 42/48 | €34,859 | €43,922 | +€9,063 | +26.0% |
| Trade debts | 44 | €3,956 | €5,330 | +€1,374 | +34.7% |
| Suppliers | 440/4 | €3,956 | €5,330 | +€1,374 | +34.7% |
| Taxes, remuneration and social security | 45 | €13,046 | €3,787 | -€9,259 | -71.0% |
| Taxes | 450/3 | €5,987 | €226 | -€5,761 | -96.2% |
| Remuneration and social security | 454/9 | €7,059 | €3,561 | -€3,498 | -49.6% |
| Other amounts payable | 47/48 | €17,857 | €34,805 | +€16,948 | +94.9% |
| Accrued charges and deferred income | 492/3 | - | €4,400 | +€4,400 | |
| Remuneration, social security and pensions | 62 | €38,036 | €18,569 | -€19,467 | -51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,558 | €7,771 | +€213 | +2.8% |
| Other operating charges | 640/8 | €1,158 | €961 | -€197 | -17.0% |
| Gross operating margin | 9900 | €11,448 | -€2,541 | -€13,989 | |
| Operating profit (loss) | 9901 | -€35,304 | -€29,841 | +€5,462 | +15.5% |
| Financial charges | 65/66B | €159 | €172 | +€14 | +8.5% |
| Recurring financial charges | 65 | €159 | €172 | +€14 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | -€35,462 | -€30,014 | +€5,449 | +15.4% |
| Income taxes | 67/77 | €245 | - | -€245 | |
| Profit (loss) for the period | 9904 | -€35,708 | -€30,014 | +€5,694 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,708 | -€30,014 | +€5,694 | +15.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.